Traceability continues to be an space of curiosity for varied stakeholders within the agrifood provide chain, notably after Covid-19 raised questions concerning the security of our meals system.
“We’re fixing a verification downside, which is to know and unbox how crops are being produced from seed to reap for a world demanding extra sustainable and meals safety practices,” Diego Hoter, CEO and co-founder at ucrop.it, informed AFN.
The Buenos Aires-based startup lately introduced it had raised $1.1 million in a seed spherical led by Closed Loop Companions and agrifoodtech accelerator The Yield Lab LatAm. Yugen Companions, a New York enterprise capital fund specializing in blockchain, and Pink Surcos, one of many predominant distribution firms of agricultural provides and companies in Argentina, additionally participated alongside a number of different strategic traders.
The Yield Lab LatAm first met the ucrop.it workforce two years in the past once they joined its accelerator program. In depth data of the agriculture business and a robust tech workforce made the choice to take a position straightforward, in response to The Yield Lab LatAm principal Camila Petignat.
“The workforce has already validated the idea with a number of pilots in Argentina,” she informed AFN. “They’ve confirmed that they’re truly in a position to align incentives between farmers and patrons within the ag worth chain to get the farmers to start out excited about sustainable practices. [It] was very, very highly effective to witness that progress.”
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